The C and X chains of the Ethereum (ETH) Avalanche (AVAX) challenger went down briefly when the network upgraded to a new software version.
Chain X, the blockchain exchange chain used to transfer funds, slowed down and processed only a few transactions, rendering it virtually unusable.
Block production was also halted on the C chain, the contract chain used for smart contracts.
Crypto exchanges including South Korea-based UpBit have temporarily halted AVAX transactions due to the outage.
“We are temporarily suspending AVAX deposit and withdrawal service due to AvaX wallet system verification. Once the inspection is complete, we will resume deposits and withdrawals, and will update the resumption of service through this notice.”
Kevin Sekniqi, co-founder of AVAX says a bug with version 1.9.12 caused the problems.
“The network has been unstable for a little over an hour. It was a bug with v1.9.12.”
But the issue has since been fixed with the release of another update. Sekniqi also urges Avalanche validators to update to version 1.9.14 as soon as possible.
“The fix has just been released, the network is starting to stabilize again.
Everything’s fine! I’ve been at this pushing bug fix to undo the 1.9.12 issue. v.1.9.14 has just been released, the network just needs to be updated now to fully stabilize.”
Don’t miss a thing: sign up to receive crypto email alerts straight to your inbox
Check Price Action
follow us TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.
Image generated: half way